State Street Corporation Named to Corporate Responsibility Officer Magazine's 100 Best Corporate Citizens List for 2008
March 14 2008 - 11:05AM
Business Wire
State Street Corporation (NYSE: STT), the world�s leading provider
of financial services to institutional investors, announced today
that it has been named to Corporate Responsibility Officer (CRO)
magazine�s list of the �100 Best Corporate Citizens� for the second
consecutive year. This year, State Street improved its ranking to
No. 12 up from No. 60 in 2007, which includes public US companies
across many industries. State Street was selected by CRO Magazine
as one of the 100 Best Corporate Citizens for its strong corporate
governance practices and ongoing commitment to maintaining the
company�s reputation for quality, integrity and high ethical
standards. State Street was also recognized for its continued
efforts to reduce its impact on the environment through the
Corporation�s environmental management system, which includes
established goals for increasing recycled paper initiatives,
reducing fossil fuels burned and greenhouse gas emissions. In
addition, State Street Global Advisors, the company�s asset
management division, has established a global environmental
investment effort designed to meet increasing demand from
institutional customers for investment strategies that factor in
environmental risk and opportunity analysis. Last November, State
Street Global Advisors launched its Global Environmental
Opportunities Strategy (GEOS), a pioneering new strategy that aims
to capture the investment opportunities resulting from actions
affecting climate change. �At State Street, our commitment to
sustainability resonates throughout the entire organization,� said
Ronald E. Logue, chairman and chief executive officer of State
Street. �I am proud of our efforts of the past year to
significantly increase our ranking, and this recognition is a
strong affirmation of State Street�s dedication to consistently be
viewed as a strong corporate citizen.� Companies are selected for
CRO Magazine�s 100 Best Corporate Citizens by achieving a high
numerical rating across eight stakeholder categories: Climate
Change, Employee Relations, Environment, Financial, Governance,
Human Rights, Lobbying and Philanthropy. All companies on CRO
Magazine�s 100 Best Corporate Citizens list are also required to be
included in the Russell 1000�. Rankings were determined
independently by IW Financial, a leader in environmental, social
and governance (ESG) ratings. More information regarding State
Street�s citizenship efforts can be found in the company�s 2006
Corporate Social Responsibility Report and online at:
http://www.statestreet.com/company/community_affairs/overview.html
About State Street: State Street Corporation (NYSE: STT) is the
world's leading provider of financial services to institutional
investors including investment servicing, investment management and
investment research and trading. With $15.3 trillion in assets
under custody and $2 trillion in assets under management at
December 31, 2007, State Street operates in 26 countries and more
than 100 geographic markets worldwide. For more information, visit
State Street�s web site at www.statestreet.com. About CRO Magazine:
CRO is the only membership media platform for Corporate
Responsibility practitioners, and the professional service
providers and non-profit influencers that serve them. The CRO
publishes the 20,000-subscriber 'CRO' Magazine and 200,000+
subscriber TheCRO.com, bi-weekly e-newsletters, webinars, and
produces the four-time-annual CRO Conferences. With over 100
members including leading companies Sara Lee, Amtrak, IBM,
Citigroup, Chubb Insurance, Mattel, Intel, Dell, Pepsi, Home Depot,
Starbucks, Avon, Gap, State Street, Xerox, leading providers such
as Deloitte, Baker & McKenzie, SAP, Hogan & Hartson,
Edelman, Manning Selvage & Lee, Grant Thornton, Golin Harris,
Ketchum, Cone, LRN, Integrity Interactive, and non-profits
including Stanford University, Boston College, UCLA, and Harvard.
Corporate membership information can be found at TheCRO.com, or by
calling 732-476-6160.
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